Corn export inspections drop
|
USDA’s Weekly Grain Export Inspections Week Ended April 7, 2022 |
|
|
Corn |
|
|
Actual (MT) |
1,418,827 |
|
Expectations (MT) |
1,100,000-1,950,000 |
|
Comments |
Export inspections decreased 121,074 MT from last week’s tally, which was increased 11,544 MT from the original figure. Inspections are running 15.6% behind year-ago, which compares to 15.5% behind last week. USDA projects exports in 2021-22 at 2.500 billion bu., 9.2% below the previous marketing year. |
|
Wheat |
|
|
Actual (MT) |
411,012 |
|
Expectations (MT) |
250,000-450,000 |
|
Comments |
Export inspections increased 92,708 MT from the previous week’s figure, which was increased 20,963 MT from the original figure. Shipments are running 17.8% behind year-ago, which compares to 18.1% behind last week. USDA projects exports in 2021-22 at 785 million bu., down 20.9% from the previous marketing year. |
|
Soybeans |
|
|
Actual (MT) |
766,232 |
|
Expectations (MT) |
500,000-900,000 |
|
Comments |
Export inspections increased 24,942 MT from last week’s tally, which was increased 3,918 MT from the original figure. Inspections are running 18.3% behind year-ago, compared to 19.2% last week. USDA’s 2021-22 export forecast of 2.115 billion bu. is 6.5% below 2020-21. |
